Latest news with #SoftBankGroupCorp
The Mainichi
13-05-2025
- Business
- The Mainichi
SoftBank Group returns to black for 1st time in 4 yrs on stock rally
TOKYO (Kyodo) -- SoftBank Group Corp. said Tuesday it swung back to profitability in fiscal 2024 for the first time in four years with a net profit of 1.15 trillion yen ($7.8 billion) due to a rise in the value of its investment portfolio. The turnaround by the Japanese tech investment firm, on the back of a global stock rally, comes after it had marked a loss of 227.65 billion yen the previous year. Sales for the year ended March were up 7.2 percent at 7.24 trillion yen. SoftBank Group logged 3.70 trillion yen in investment profit for the fiscal year, compared with a loss of 559.35 billion yen a year earlier. In its flagship Vision Fund investment segment, the value of companies such as TikTok operator ByteDance Ltd. and South Korean e-commerce giant Coupang Inc. improved, it said. SoftBank Group did not release its earnings forecast for fiscal 2025, citing the difficulty of making projections due to "numerous uncertainties affecting earnings."
13-05-2025
- Business
SoftBank Group Posts 1st Black Ink in 4 Years
News from Japan Economy May 13, 2025 16:29 (JST) Tokyo, May 13 (Jiji Press)--SoftBank Group Corp. said Tuesday that it posted a consolidated net profit of 1,153.3 billion yen for the year ended this March, its first black ink in four years, against the previous year's loss of 227.6 billion yen. The group invests in artificial intelligence-related and other emerging companies worldwide through its SoftBank Vision Fund. Depending on these companies' stock value, its performance tends to show large fluctuations. The group has been shifting to an AI-focused business structure in recent years, including investing in OpenAI. It plans to work with the U.S. firm to provide cutting-edge AI to businesses in Japan and to build AI infrastructure in the United States. END [Copyright The Jiji Press, Ltd.] Jiji Press
Yahoo
30-03-2025
- Business
- Yahoo
SoftBank May Pledge $1 Trillion for AI Effort in US, Nikkei Says
(Bloomberg) -- SoftBank Group Corp. plans to create industrial parks for artificial intelligence across the US and is considering an investment of more than $1 trillion, Nikkei reported. Gold-Rush Fever Returns to Historic New Zealand Mining Town What Frank Lloyd Wright Learned From the Desert How SUVs Are Making Traffic Worse Trump Slashed International Aid. Geneva Is Feeling the Impact. Bank Regulators Fight for Desks as OCC Returns to New York Tower Founder and Chief Executive Officer Masayoshi Son is expected to visit the US to discuss his ideas for such industrial parks, the newspaper said. The factories would likely use AI-equipped robots that would operate autonomously because of labor shortages in the country, according to the report. Son teamed up with OpenAI and Oracle Corp. in January to unveil a $100 billion joint venture to fund AI infrastructure in the US, one of the first such pledges after Donald Trump became president. They said at the time they would deploy $100 billion immediately with the goal of increasing that to at least $500 billion for data centers and physical campuses. Story Link: SoftBank Mulls Building AI Industrial Parks in the US: Nikkei The companies said at the time that the initial equity would come from the three companies and Abu Dhabi state investor MGX, with a buildout of the first computing system starting in Texas. Trump's IRS Cuts Are Tempting Taxpayers to Cheat Business Schools Are Back Israel Aims to Be the World's Arms Dealer Google Is Searching for an Answer to ChatGPT How a US Maker of Rat-Proof Trash Bins Got Boxed in by Trump's Tariffs ©2025 Bloomberg L.P.
Associated Press
19-03-2025
- Business
- Associated Press
SoftBank Group to Acquire Ampere Computing
TOKYO & SANTA CLARA, Calif.--(BUSINESS WIRE)--Mar 19, 2025-- SoftBank Group Corp. (TSE: 9984, 'SoftBank Group') today announced that it will acquire Ampere® Computing, a leading independent silicon design company, in an all-cash transaction valued at $6.5 billion. Under the terms of the agreement, Ampere will operate as a wholly owned subsidiary of SoftBank Group and retain its name. As part of the transaction, Ampere's lead investors – Carlyle (NASDAQ: CG) and Oracle Corp. (NYSE: ORCL) – are selling their respective positions in Ampere. As SoftBank Group broadens its AI infrastructure investments in ventures such as Cristal intelligence and Stargate, the acquisition will help enhance SoftBank Group's capabilities in key areas and accelerate its growth initiatives. 'The future of Artificial Super Intelligence requires breakthrough computing power,' said Masayoshi Son, Chairman and CEO of SoftBank Group Corp. 'Ampere's expertise in semiconductors and high-performance computing will help accelerate this vision, and deepens our commitment to AI innovation in the United States.' 'With a shared vision for advancing AI, we are excited to join SoftBank Group and partner with its portfolio of leading technology companies,' said Renee James, Founder and CEO of Ampere. 'This is a fantastic outcome for our team, and we are excited to drive forward our AmpereOne® roadmap for high performance Arm processors and AI.' Founded in Silicon Valley in 2018 with an initial focus on cloud-native computing, Ampere has since expanded into sustainable AI compute. The company has multiple products for a spectrum of cloud workloads from the edge to the cloud data center. Transaction Details Under the terms of the agreement, SoftBank will acquire Ampere for $6.5 billion in cash. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to close in the second half of 2025. Ampere's headquarters will remain in Santa Clara, CA. About SoftBank Group The SoftBank Group invests in breakthrough technology to improve the quality of life for people around the world. The SoftBank Group is comprised of SoftBank Group Corp. (TOKYO: 9984), an investment holding company that includes stakes in AI, smart robotics, IoT, telecommunications, internet services, and clean energy technology providers, as well as a majority stake in Arm, which is building the future of computing; and the SoftBank Vision Funds, which are investing to help transform industries and shape new ones. To learn more, please visit About Ampere . . Ampere [email protected] Group SOURCE: SoftBank Group Corp. Copyright Business Wire 2025. PUB: 03/19/2025 07:30 PM/DISC: 03/19/2025 07:30 PM
Bloomberg
11-03-2025
- Business
- Bloomberg
China's Full Truck Alliance Prepares for First Step Beyond Home
Full Truck Alliance Co. is preparing to expand into Central Asia after getting its wings clipped by domestic regulators a few years ago, joining a growing number of Chinese tech companies seeking new markets abroad. The SoftBank Group Corp. -backed firm, which connects truckers with customers looking to ship goods, is also considering floating its cold-chain grocery business in Hong Kong, or eventually a second listing for the entire company, Chief Financial Officer Simon Cai said.
